- Angel Oak Financial Strategies Income Term Trust (FINS) has filed its definitive proxy statement for a special shareholder meeting on **September 26, 2025**, to approve a new investment advisory agreement.  **[1745059_49f4756bcd8f49ec8217400b8d54532b_0]** 
- This new agreement is required due to Brookfield Asset Management Ltd.'s proposed **majority investment in Angel Oak Capital Advisors, LLC**, which is expected to close on or before **September 30, 2025**.  **[1745059_49f4756bcd8f49ec8217400b8d54532b_0]** **[1745059_49f4756bcd8f49ec8217400b8d54532b_2]** 
- The proposed New Agreement is **substantially identical to the existing one**, with **no material changes to day-to-day management, operations, or fees**, and the **same portfolio managers** will remain.  **[1745059_49f4756bcd8f49ec8217400b8d54532b_0]** 
- The Fund's Board of Trustees **unanimously recommends voting "FOR"** the New Agreement, citing benefits such as continuity, continued value creation (including a distribution yield over **10%** and an increased monthly distribution to **$0.115 per share** for August 2025), and leveraging Brookfield's expertise.  **[1745059_49f4756bcd8f49ec8217400b8d54532b_0]** **[1745059_49f4756bcd8f49ec8217400b8d54532b_1]**